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Wix (NASDAQ: WIX) Navigates Q1 Earnings Miss with AI Focus and Revenue Growth
Financial Modeling Prep· 2026-05-13 22:00
This growth is supported by strong bookings, which reached $585 million, a 15% increase year-over-year. The company notes this is driven by a 46% increase in bookings from new user cohorts. In a major corporate action, Wix also repurchased approximately 30% of its outstanding shares in April. Wix (NASDAQ: WIX) is a company that provides a popular web-building platform. It helps users create websites without needing to code. The company is also focusing on artificial intelligence (AI) innovation with its Wix ...